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Profitable Banquet Venue & Restaurant
Location: United States -> Southwest Michigan
Industry: Food and Beverage > Other Food and Beverage

Business Summary

This listing is for a profitable banquet hall and restaurant located on a picturesque golf course in southwest Michigan that's available to a qualified buyer. This business consists of two banquet halls and a restaurant that's exclusive to golfers on the course. The banquet halls are typically used for schools, reunions, weddings, bridals showers, business meetings, anniversaries and much more. There is another section that acts as a restaurant for the golf course during the day and is available for smaller events, business meetings, etc. Over 47 pre-sold events are already on the books for 2016. The main banquet hall has a beautiful, intimate, romantic interior with a large 900 ft dance floor and seats 500. The smaller banquet features gorgeous windows overlooking the golf course allowing for memorable sunsets and a beautiful view. This section seats 150. This is a highly profitable business for the seller that yields a yearly income of over $130,000. In addition, the real estate valued at $750,000 is to be transferred with the sale of the business. Also included in the sale is the rare Class C resort liquor license valued at $300,000. If you would like more information about this business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $1,130,000


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $277,757
Cash Flow:   $136,044
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $640,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1997
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train the buyer for 4 weeks at no cost.
Reason For Selling:  Retirement.

Print Listing Id: 700227012
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Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease

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